ROTTERDAM, Netherlands,
May 27, 2020 /PRNewswire/
-- Univar Solutions B.V., a subsidiary of Univar Solutions
Inc. (NYSE: UNVR) ("Univar Solutions" or "the Company"), a global
chemical and ingredient distributor and provider of value-added
services, announced today that Valio, Ltd., has selected Univar
Solutions to distribute its Eila® lactose free milk powders to
create new opportunities in the food industry across a number of
European countries including Sweden, United
Kingdom, Ireland, Benelux
(Belgium, Netherlands, Luxembourg), France, Germany, Austria, Switzerland, and Greece. The product range will allow food
manufacturers in the region to deliver new recipes that satisfy the
growing consumer trend around lactose free products.
With this exclusive agreement, Univar Solutions is
well-positioned to meet the needs of manufacturers for
confectionery, ice cream, dairy, bakery, ready meal, special
nutrition and other products, who are seeking an increasing amount
of lactose free solutions. Products made with Valio Eila®
lactose free ingredients provide a number of benefits, including
aiding in digestive comfort, while providing nutritional value. In
addition, they offer natural sugar reduction and protein
enrichment. These ingredients offer lactose intolerant individuals
the opportunity to enjoy dairy based products without unpleasant
symptoms caused by indigestion.
"With increased consumer awareness of digestive wellness and
market growth in "free from" products across Europe, our partnership with Valio on their
Eila® range of lactose free ingredients provides Univar Solutions
with an exciting, new opportunity. These unique ingredients will
further expand our portfolio and enhance our value to all customers
seeking to develop innovative recipes with a lactose free claim
across multiple categories," said Simon Atkins, industry director of food
ingredients in Europe,
Middle East and Africa for Univar Solutions.
Approximately 70 percent of the world's population suffers from
some level of lactose intolerance. As the awareness of digestive
wellness and lactose intolerance is increasing all over the world,
consumers are looking for lactose free solutions that don't
compromise on premium quality and taste in their food. Eila® PRO
lactose free milk powders are manufactured from fresh Finnish milk
using Valio's patented technology for an unchanged milk mineral
composition and natural taste of milk.
Timo Pajari, SVP international
sales for Valio Ltd. said, "We are excited to partner with Univar
Solutions in expanding our footprint in the lactose free food
space. Consumers have become more educated and aware of digestive
wellness and the benefits of a "free from" diet and are looking for
more options in lactose free products. We can provide customized,
free-from ingredient solutions to the European market, and with
Univar Solutions we know we have chosen the right partner. With
their extensive market reach, technical expertise and collaborative
approach to supplier partnerships, together, we are looking forward
to a productive and fulfilling journey."
About Univar Solutions
Univar Solutions (NYSE:
UNVR) is a leading global specialty chemical and ingredient
distributor representing a premier portfolio from the world's
leading producers. With the industry's largest private
transportation fleet and North American sales force, unparalleled
logistics know-how, deep market and regulatory knowledge,
world-class formulation and recipe development, and leading digital
tools the company is well-positioned to offer tailored solutions
and value-added services to a wide range of markets, industries,
and applications. Univar Solutions is committed to helping
customers and suppliers innovate and grow together. Learn more
at www.univarsolutions.com.
About Valio Ltd.
Valio, offering the taste of
Nordic nature since 1905, is a brand leader and the biggest dairy
business in Finland. The company
is owned by dairy cooperatives comprising 4,700 dairy farmers and
is a major player in the international dairy ingredients
market.
Well-being is at the heart of Valio's world leading technology
innovations, expertise and products that are made from clean
Finnish milk and other ingredients. Their product development
follows in the footsteps of Nobel Prize winner A. I. Virtanen, and
the company holds 350 patents in 50 countries. Valio's efforts to
improve animal wellbeing are resolute, knowing that only healthy
cows can produce premium milk products. Valio's milk ranks among
the cleanest in the world, and the company has zero tolerance for
antibiotic residue in milk.
Valio has net sales of EUR 1.78
billion and is Finland's
biggest food exporter. Valio products are found in 60 countries and
account for 25 percent of Finland's total food exports. Valio seeks
strong growth in international markets and has subsidiaries in
Russia, Sweden, the Baltics, the United States, and China.
Forward-Looking Statements
This press
release includes certain statements relating to future events and
our intentions, beliefs, expectations, and predictions for the
future, which are "forward-looking statements" within the meaning
of Section 27A of the Securities Act of 1933 and Section 21E of the
Securities Exchange Act of 1934, as amended. Forward-looking
statements are subject to known and unknown risks and
uncertainties, many of which may be beyond the Company's control.
These forward-looking statements are subject to risks and
uncertainties that could cause actual results to differ materially
from the expectations and assumptions. A detailed discussion of
these factors and uncertainties is contained in the Company's
filings with the Securities and Exchange Commission. Potential
factors that could affect such forward-looking statements include,
among others: the ultimate geographic spread of the COVID-19
pandemic; the duration and severity of the COVID-19 pandemic;
actions that may be taken by governmental authorities to address or
otherwise mitigate the impact of the COVID-19 pandemic; the
potential negative impacts of COVID-19 on the global economy and
our customers and suppliers; the overall impact of the COVID-19
pandemic on our business, results of operations and financial
condition; other fluctuations in general economic conditions,
particularly in industrial production and the demands of our
customers; significant changes in the business strategies of
producers or in the operations of our customers; increased
competitive pressures, including as a result of competitor
consolidation; significant changes in the pricing, demand and
availability of chemicals; our levels of indebtedness, the
restrictions imposed by our debt instruments, and our ability to
obtain additional financing when needed; the broad spectrum of laws
and regulations that we are subject to, including extensive
environmental, health and safety laws and regulations; an inability
to integrate the business and systems of companies we acquire,
including of Nexeo Solutions, Inc., or to realize the anticipated
benefits of such acquisitions; potential business disruptions and
security breaches, including cybersecurity incidents; an inability
to generate sufficient working capital; increases in transportation
and fuel costs and changes in our relationship with third party
providers; accidents, safety failures, environmental damage,
product quality and liability issues and recalls; major or systemic
delivery failures involving our distribution network or the
products we carry; operational risks for which we may not be
adequately insured; ongoing litigation and other legal and
regulatory risks; challenges associated with international
operations; exposure to interest rate and currency fluctuations;
potential impairment of goodwill; liabilities associated with
acquisitions, ventures and strategic investments; negative
developments affecting our pension plans and multi-employer
pensions; labor disruptions associated with the unionized portion
of our workforce; and the other factors described in the Company's
filings with the Securities and Exchange Commission. We caution you
that the forward-looking information presented in this press
release is not a guarantee of future events or results, and that
actual events or results may differ materially from those made in
or suggested by the forward-looking information contained in this
press release. In addition, forward-looking statements generally
can be identified by the use of forward-looking terminology such as
"may," "plan," "seek, "will," "expect," "intend," "estimate,"
"anticipate," "believe" or "continue" or the negative thereof or
variations thereon or similar terminology. Any forward-looking
information presented herein is made only as of the date of this
press release, and the Company does not undertake any obligation to
update or revise any forward-looking information to reflect changes
in assumptions, the occurrence of unanticipated events, or
otherwise, except as required by law.
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